Vanguard Group Inc. Has $4.34 Billion Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

Vanguard Group Inc. raised its holdings in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 0.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,354,229 shares of the company's stock after acquiring an additional 220,527 shares during the quarter. Vanguard Group Inc. owned approximately 8.93% of Datadog worth $4,337,316,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Retirement Wealth Solutions LLC bought a new position in Datadog in the fourth quarter valued at $30,000. Avior Wealth Management LLC grew its holdings in shares of Datadog by 55.9% in the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company's stock valued at $32,000 after acquiring an additional 81 shares in the last quarter. True Wealth Design LLC increased its position in shares of Datadog by 12,000.0% in the third quarter. True Wealth Design LLC now owns 242 shares of the company's stock valued at $28,000 after acquiring an additional 240 shares during the last quarter. Quarry LP bought a new stake in Datadog during the third quarter worth about $33,000. Finally, Kieckhefer Group LLC acquired a new position in Datadog during the fourth quarter valued at approximately $43,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on DDOG. Barclays lowered their price target on Datadog from $187.00 to $180.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. DA Davidson increased their price target on shares of Datadog from $150.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Wells Fargo & Company lowered shares of Datadog from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $152.00 to $140.00 in a research note on Thursday, February 13th. JMP Securities reiterated a "market perform" rating on shares of Datadog in a research note on Friday, February 14th. Finally, Citigroup lowered their price target on Datadog from $170.00 to $165.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $158.70.

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Datadog Price Performance

DDOG traded down $3.75 on Friday, hitting $101.10. 3,793,178 shares of the stock were exchanged, compared to its average volume of 4,190,007. Datadog, Inc. has a 12 month low of $98.30 and a 12 month high of $170.08. The firm has a market capitalization of $34.65 billion, a price-to-earnings ratio of 198.24, a PEG ratio of 44.03 and a beta of 1.22. The business has a 50-day moving average of $123.79 and a two-hundred day moving average of $130.65.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. Equities research analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Amit Agarwal sold 25,000 shares of Datadog stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $141.12, for a total transaction of $3,528,000.00. Following the sale, the director now directly owns 195,667 shares of the company's stock, valued at approximately $27,612,527.04. The trade was a 11.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $141.21, for a total transaction of $17,948,497.05. Following the completion of the transaction, the chief technology officer now directly owns 324,778 shares of the company's stock, valued at approximately $45,861,901.38. The trade was a 28.13 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 601,412 shares of company stock worth $75,444,584. Insiders own 11.78% of the company's stock.

Datadog Profile

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility.